$FORM ๐ BOOOOOOOOOM ๐
FORM/USDT Trade Setup โ May 24, 2025
Current Price: $2.8811
24h Volume: $16.45M USDT
Bias: Bullish with breakout potential
Technical Overview
Trend:
FORM is showing signs of bullish continuation following a consolidation range between $2.50 and $2.90 over the past few sessions. The recent uptick in volumeโnow at $16.45 millionโindicates increasing interest, likely from breakout traders positioning for a leg higher.
โ ๏ธ Key Support Levels:
$2.75
$2.50
โ ๏ธ Resistance Levels:
$2.95
$3.20
โ ๏ธ Chart Pattern:
A bullish cup-and-handle pattern appears to be forming on the 4H chart. The "cup" has already formed over the past week, and the price is currently forming the "handle" โ a slight retracement that often precedes a
โ๏ธ Trade Setup:
โ ๏ธ Long Entry:
Breakout above $2.95 with strong volume confirmation.
Stop Loss:
$2.74
โ ๏ธ Targets:
๐ญ TP1: $3.20
๐ญ TP2: $3.50
Risk-Reward Ratio: ~1:2.5 depending on entry precision.
